Average 401(K) balance revealed, as experts share % of salary you should be saving if you want to achieve a million-dollar balance - and the simple tricks that can help reach that goal
The average American's 401(K) balance has been revealed - with experts also sharing the secrets to stashing away a million dollars in retirement savings. Recently released data from Fidelity Investments showed that the number of 401(K) millionaires climbed to an all-time high during the first quarter of 2024. Fidelity revealed that 485,000 people had $1 million or more in their accounts - a 43 percent boost from three months earlier.
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